TLDR
- President Trump will meet Nvidia CEO Jensen Huang on Wednesday during his Asia trip
- The announcement was made at a Tokyo business reception where Trump praised Huang’s leadership
- Trump highlighted Nvidia and TSMC’s production of the first U.S.-made Blackwell chip in October
- Nvidia stock climbed over 1% in pre-market trading to $193.48 following the news
- The meeting is expected to focus on domestic AI infrastructure and semiconductor manufacturing
President Donald Trump revealed plans to meet with Nvidia CEO Jensen Huang on Wednesday, October 29. The announcement came during a reception with business leaders in Tokyo on Tuesday.
Trump praised Huang during his remarks at the event. “I want to congratulate Jensen, he’s been really amazing. He’s an amazing guy, brilliant guy. I’m seeing him tomorrow,” the president said.
The meeting occurs as Huang attends the Asia-Pacific Economic Cooperation CEO Summit in South Korea. Nvidia previously confirmed that Huang would meet with global leaders during the trip.
Focus on U.S. Chip Manufacturing
Trump used the Tokyo speech to emphasize domestic semiconductor production. He specifically mentioned Nvidia and Taiwan Semiconductor Manufacturing Company’s recent achievements in American manufacturing.
The president highlighted the production of Nvidia’s Blackwell chip on U.S. soil. Trump noted that both companies completed the first state-of-the-art Blackwell chip entirely in America earlier this month.
Trump stated that Nvidia and TSMC are investing hundreds of billions of dollars in U.S. facilities. He hinted that these investments could increase in the coming months.
The president expressed optimism about artificial intelligence technology development. He described demonstrations he viewed at the reception as “fantastic.”
Trump explained that the U.S. is developing an AI policy to maintain competitive advantage. He cited support from Japanese companies like SoftBank Group in these efforts.
Market Response to Meeting Announcement
Nvidia shares responded positively to the meeting news. The stock rose more than 1% in pre-market trading on Tuesday morning.
Shares were trading at $193.48 at the time of the announcement. The stock was already showing strength with a 4.87% gain over the previous five days.
The stock price movement brings Nvidia closer to the $200 per share level. Retail investor sentiment on trading platforms showed bullish attitudes toward the company.
Upcoming Events and Expectations
Huang is scheduled to deliver a keynote address in Washington, D.C. on Tuesday. Investors are monitoring the speech for updates on Nvidia’s China operations.
The Washington event represents the first time the city has hosted Nvidia’s GTC conference. This marks increased engagement between Nvidia and U.S. government agencies and defense contractors.
The Wednesday meeting agenda has not been officially disclosed. Industry observers expect discussions will cover AI infrastructure development and semiconductor production expansion.
Trump emphasized bringing chip production back to American shores during his speech. He stressed the importance of domestic manufacturing for critical semiconductors and AI components.
Both Nvidia and TSMC have committed to expanding their U.S. manufacturing presence. The companies are building new fabrication facilities in Arizona and other states.
Huang’s meeting with Trump follows previous White House engagements between tech leaders and the administration. The discussions align with broader government efforts to strengthen domestic technology supply chains.
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